accommodation endorser


accommodation endorser
A person or a bank that endorses a loan to another party; for example, a parent company may endorse a bank loan to a subsidiary. The endorser becomes a guarantor and is secondarily liable in case of default. Banks may endorse other banks' acceptance notes, which can then be traded on the secondary market.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • Accommodation Endorser — An entity or person who agrees to back the credit obligations of another party in order to allow that party to obtain credit for which they would not otherwise qualify. It is the equivalent of a payment guarantee. Accommodation endorsers… …   Investment dictionary

  • accommodation endorser — noun a person who endorses a promissory note without compensation or benefit but simply as a favor to the borrower • Hypernyms: ↑endorser, ↑indorser …   Useful english dictionary

  • endorser — noun 1. someone who expresses strong approval • Syn: ↑subscriber, ↑indorser, ↑ratifier • Derivationally related forms: ↑ratify (for: ↑ratifier), ↑indorse ( …   Useful english dictionary

  • accommodation — I (adjustment) noun accordance, adaptation, agreement, arrangement, compositio, composition of differences, compromise, friendly agreement, harmonization, mutual understanding, obliging, provision, readjustment, reconciliatio, rectification,… …   Law dictionary

  • accommodation paper — or accommodation bill or accommodation note n. a bill of exchange cosigned by one party as maker, acceptor, or endorser without requiring collateral or a fee, in order to lend his or her credit reputation to the second party * * * …   Universalium

  • accommodation paper — or accommodation bill or accommodation note n. a bill of exchange cosigned by one party as maker, acceptor, or endorser without requiring collateral or a fee, in order to lend his or her credit reputation to the second party …   English World dictionary

  • accommodation party — The person who signs an accommodation bill as drawer, acceptor, or endorser and acts as the guarantor …   Accounting dictionary

  • indorser — noun 1. someone who expresses strong approval • Syn: ↑subscriber, ↑endorser, ↑ratifier • Derivationally related forms: ↑ratify (for: ↑ratifier), ↑indorse, ↑ …   Useful english dictionary

  • surety — sure·ty / shu̇r ə tē/ n pl ties [Anglo French seurté, literally, guarantee, security, from Old French, from Latin securitat securitas, from securus secure] 1: a formal engagement (as a pledge) given for the fulfillment of an undertaking 2: one… …   Law dictionary

  • comaker — noun certifier, coapplicant, coborrower, co obligor, coratifier, cosignatory, cosigner, endorser, party to an instrument Burton s Legal Thesaurus. William C. Burton. 2006 comaker …   Law dictionary


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